11:20am (EST)
We have a New Trade on another familiar name that could be in the process of forming a triple-top peak. The previous bearish trades made 119% and 50% so we are looking for a hat trick.
New Trade!
DraftKings (DKNG, $21.47, up $0.09)
Buy to Open DKNG May 20 puts (DKNG230519P00020000, $0.80, down $0.16)
Action: I like these put options at current levels and you can use a Limit Order up to $1.00 to get the best fills. These are the regular DKNG May 20 puts that expire on May 19th, 2023.